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The term, obsolescence, as it relates to the useful life of an asset, refers to: Multiple Choice The halfway point of an asset’s useful life. A plant asset that is becoming outdated and no longer used.
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The term, obsolescence, as it relates to the useful life of an asset, refers to: Multiple Choice The halfway point of an asset’s useful life. A plant asset that is becoming outdated and no longer used. The inability of a company’s plant assets to function as designed. An asset's salvage value becoming less than its replacement cost. Intangible assets that have been fully amortized.

User Will Humphreys
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20 votes

Answer:

A plant asset that is becoming outdated and no longer used.

Step-by-step explanation:

Obsolescence can be regarded as situation whereby plant Asset is old and not been useful to produce goods/ services. It should be noted that obsolescence, as it relates to the useful life of an asset, refers to A plant asset that is becoming outdated and no longer used

User CommandZ
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